Wheaton Precious Metals Announces Third Quarter 2026 Results and Record Year-to-Date Production, Sales Volume, Revenue, Earnings and Cash Flow

(TSX:WPM) Wheaton Precious Metals reported record financial results for Q3 2026, with revenue of $772 million, net earnings of $410 million, and operating cash flow of $645 million. For the nine months ended September 30, 2026, the company achieved record revenue of $2.6 billion, record net earnings of $1.5 billion, and record operating cash flow of $2.1 billion. Wheaton declared a quarterly dividend of $0.195 per common share, resulting in a total dividend payment of $89 million for the quarter. The company ended the quarter with a cash balance of $146 million and total debt outstanding of $1.6 billion, resulting in net debt of $1.5 billion. During the quarter, Wheaton repaid $372 million of its revolving credit facility. The company holds streaming and royalty agreements on 57 mining assets, including 22 operating mines, 20 development projects, and 15 exploration and other stage projects. Attributable gold equivalent production for Q3 2026 was 231,000 ounces, a 13% increase year-over-year, primarily due to the acquisition of the BHP Antamina PMPA and production from Hemlo, Fenix, Platreef, and Mineral Park. Key operational milestones included Vale Base Metals' implementation of coarse particle flotation at Salobo in Brazil, first gold pour at Montage Gold's Koné project, first deliveries from Ivanhoe's Platreef project in South Africa, completion of Phase 1 upgrades at B2Gold's Goose Project in Canada, Allied Gold's start of production at Kurmuk in Ethiopia, Hudbay's approval of the Copper World project in the U.S., KGL's final investment decision for Jervois in Australia, and Generation Mining's commencement of construction at Marathon in Canada. In Q3 2026, gold production was 91,753 ounces, silver production was 8,182 ounces, and other metals GEOs were 2,846. Units sold included 91,969 ounces of gold, 5,758 ounces of silver, and 4,334 other metals GEOs. Revenue for Q3 2026 was $771,734,000, net earnings were $410,248,000, and operating cash flows were $644,856,000. For the nine months ended September 30, 2026, revenue was $2,602,404,000, net earnings were $1,535,528,000, and operating cash flows were $2,060,196,000. Average cash costs in Q3 2026 were $548 per GEO, resulting in a cash operating margin of $3,466 per GEO sold. For the nine months ended September 30, 2026, average cash costs were $597 per GEO, with a cash operating margin of $3,866 per GEO sold. As of September 30, 2026, approximately 178,600 GEOs were produced but not yet delivered, representing about 2.6 months of payable production. During Q3 2026, Wheaton made net upfront cash payments of $86 million for mineral stream interests, including $44 million for El Domo and $42 million for Marmato. Subsequent to the quarter, additional upfront cash payments of $51 million were made for the Jervois PMPA ($16 million) and Spring Valley PMPA ($35 million). Salobo produced 65,800 ounces of attributable gold in Q3 2026, Antamina produced 2.7 million ounces of attributable silver, and Peñasquito produced a record 3.1 million ounces of attributable silver. San Dimas produced 5,700 ounces of attributable gold, Blackwater produced 0.2 million ounces of attributable silver and 5,600 ounces of attributable gold, Sudbury produced 4,000 ounces of attributable gold, Constancia produced 0.6 million ounces of attributable silver and 3,200 ounces of attributable gold, Stillwater produced 1,200 ounces of attributable gold and 2,100 ounces of attributable palladium, and Voisey's Bay produced 403,000 pounds of attributable cobalt. Other Gold production was 6,200 ounces, and Other Silver production was 1.7 million ounces in Q3 2026. Notable operational updates included Hemlo's production ramp-up, B2Gold's completion of Phase 1 upgrades at Goose, Aris Mining's commissioning of a new filtered tailings facility at Marmato, Ivanhoe's ramp-up at Platreef, and Rio2's update on Fenix. The company continues to advance construction activities at several development projects, including Mineral Park, Platreef, Fenix, El Domo, and Kurmuk.